The following stocks were detected to be trading among the most active on December 7: Bank of America Corporation, SPDR S&P 500, First Niagara Financial Group Inc, iShares MSCI Emerging Markets Index, and Citigroup, Inc. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of Bank of America Corporation (BAC) fell by 0.17% or $-0.01/share to $5.77. In the past year, the shares have traded as low as $5.02 and as high as $15.24. On average, 271219040 shares of BAC exchange hands on a given day and today's volume is recorded at 48890380. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.12 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.98% or $-1.24/share to $125.02. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 264157510 shares of SPY exchange hands on a given day and today's volume is recorded at 47000336. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $125.84 represents resistance and the 50-day moving average of $121.67 would be an area of support.
Shares of First Niagara Financial Group Inc. (FNFG) fell by 1.89% or $-0.17/share to $8.84. In the past year, the shares have traded as low as $8.15 and as high as $14.47. On average, 5246700 shares of FNFG exchange hands on a given day and today's volume is recorded at 31238262. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $8.92 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.55% or $-0.22/share to $39.65. In the past year, the shares have traded as low as $33.42 and as high as $49.92. On average, 74205840 shares of EEM exchange hands on a given day and today's volume is recorded at 15029273. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $43.75 represents resistance and the 50-day moving average of $38.88 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 3.03% or $-0.90/share to $28.85. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 57300800 shares of C exchange hands on a given day and today's volume is recorded at 13905364. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $36.23 represents resistance and the 50-day moving average of $28.05 would be an area of support.
